You were comparing rental rates.

Thanks Josh and Gypsy,I have had some success, althoughit seems limited compared to what others have done.

:help: :help: :help: 485 sq ft Studio in apartment turned condo, in community that rents at around 95% occupancybuilt 1983, updated in 20031/4 mile from Palms CasinoSales price 110K, 10% down required11K cashback at closing, if financing is done through preferred lender (covers 10% downpayment)Management takes care of all internal repairsCurrent tenant renting at 605/month, on lease through 3/1/08Developer offering leaseback of 770/month + no HOA fees or Mgmt fees for 2 years (guaranteed to net profit $90 per month after taxes for 2 years)After 2 years, owner receives whatever property rents for, plus is put in a "Shared Rental Pool": a quarterly check of [Going Rent of all comparable studios in community]X[% Occupied in community]-[losses/improvements of the community].

Originally posted by "Rehab702":The idea of them continuing to pay the second just to get rid of the house makes no sense from their point of view. 8)The seller continuing to pay payments while selling subject-to can be a winner for the seller compared to a default.

What I mean is, once you have the rehab done and are looking to sell it, is it easier in say the summer compared to the winter to sell that property?

Zillow is not an accurate comparative ananlysis.

Discount it by what it would cost to bring it up to comparable with the others.

Include a copy of the original subject to appraisal, so that it may be compared to the new appraisal that will be done for the refinance.The idea being that you want to appear as organized and professional to the underwriter as you can.

If you do 1 good deal in the next 2 years you will be ahead of the curve compared to a blind purchased at auction.

Like comps for establishing the price of a residential unit the rent survey has to focus on what would be comparable rental units.John Corey